Browsing Tag
Annie Young-Scrivner
1 post
Wella’s IPO looks like a beauty growth story until the $2.29bn balance-sheet number enters the picture
Wella Company has filed for a New York Stock Exchange IPO after returning to profit and lifting adjusted EBITDA above $520 million. The owner of Wella Professionals, OPI, Clairol and ghd has delivered 22 consecutive quarters of constant-currency growth, but $2.29 billion of debt means the eventual valuation will depend as much on deleveraging as brand strength.